AdamReid

USDJPY Potential Cypher At Reversal Zone

FX:USDJPY   U.S. Dollar/Japanese Yen
IF price action pushes higher past our B leg of the cypher pattern THEN we can look to get short at the D point 122.79.
However IF price rolls over creating a new low & puts in a LLLC THEN the cypher pattern will be invalid and we'll look to the next trading opportunity.
FOMC news out tomorrow.
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